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index futuresftse indexstock marketstock indexcapital incomechange focusfocus stockmarket reclassificationreclassification ukimpact changeschanges ftsecorporate governanceownership structureinitial public offeringsector developmentoption tradingshare pricelarge shareholdingshareholding firmfirm valuevalue alternativealternative investmentinvestment marketmarket aimaim changeuk privateprivate informationinformation executiveexecutive stockstock optionoption tradestrades evidenceevidence insiderinsider tradingtrading ukuk comovementcomovement ftseindex longlong runrun performanceperformance initalinital publicpublic offeringsofferings determinantsdeterminants casecase chinachina changeuk impactindex investorinvestor awarenessawareness longlong termterm impactimpact ftseindex redefinitionsredefinitions inflationinflation exaggerateexaggerate equityequity premiumpremium impactindex rollingrolling settlementsettlement marketmarket liquidityliquidity predictabilitypredictability shortshort horizonhorizon stockstock returnsreturnsalternative investment market aim managerial blockholderstobin s qgeneralized method of moments gmm tobins qmethod of momentsasymmetrische informationasymmetric informationfirm performanceeconomic transition1997 20011994 20011992 2005announcement effect
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